Construction Loans Before you sell yourself short, talk to a mortgage company. Many lenders are more than happy to lend you money for a lucrative project, because it means profitable business for them too. Construction loans are the backbone of many mortgage company portfolios, and if you own a vacant lot that has market value, lenders will normally lend you money based on the collateral of the vacant lot. You get cash to build a new house, and after you sell the completed project you can pay back the loan and pocket the profits. Other construction loans allow you to borrow money from the builder's own sources, in the same way that you might borrow money from an auto dealer to pay for the car you buy from them. Construction companies with their own mortgage sources may charge you higher interest rates, however, than conventional lenders. Shop around for construction loans. More often than not, deciding on a builder and the best source of funds will take longer than it actually takes to build the house, but it is time well spent. A few interest rate points can make a difference of thousands, or hundreds of thousands of dollars. Talk to lots of lenders and buil For more read at http://www.marylandrealestatesecrets.com Posted by Lanny Gardner on December 13, 2008 at 12:00 AM About Lanny Gardner Lanny Gardner is affliated with Gardner Co.Realtors, which is located in Oklahoma City, OK. For further assistance please use the contact information located on the right. As of 05/24/12 the Lanny Gardner RePage is ranked at 6,294 with 370 points.

Local Information for Oklahoma City, OK

Latitude: 35.482309 -- Longitude: -97.534994

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ZIP Codes for Oklahoma City, Oklahoma	73101  73102  73103  73104  73105  73106  73107  73108  73109  73110  73111  73112  73113  73114  73115  73116  73117  73118  73119  73120  73121  73122  73123  73124  73125  73126  73127  73128  73129  73130  73131  73132  73134  73135  73136  73137  73139  73140  73141  73142  73143  73144  73145  73146  73147  73148  73149  73150  73151  73152  73153  73154  73155  73156  73157  73159  73160  73162  73163  73164  73165  73167  73169  73170  73172  73173  73178  73179  73184  73185  73189  73190  73193  73194  73195  73196  73197  73198  73199
Area Code for Oklahoma City, Oklahoma	405
Time zone for Oklahoma City, Oklahoma	CST

Other Area Cities:   Oklahoma City, OK  Norman, OK  Choctaw, OK  Bethany, OK  Del City, OK  Edmond, OK  Midwest City, OK  Moore, OK  The Village, OK  Warr Acres, OK 

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Oklahoma City is the capital and the largest city of the U.S. state of Oklahoma. It is also the county seat of Oklahoma County, Oklahoma. Oklahoma City was founded during the Land Run of 1889, first of five land runs in what became Oklahoma.By the time Oklahoma was admitted to the Union in 1907, Oklahoma City had already supplanted Guthrie, the territorial capital, as the population center and commercial hub of the new state. Soon after, the capital was moved from Guthrie to Oklahoma City.Oklahoma City Public Schools is the state's largest district and is one of the few urban districts in the nation with a growing enrollment, due largely to the so-called 'MAPS for KIDs' city-wide improvement plan. The Oklahoma School of Science and Mathematics in Oklahoma City is home to the state's most gifted math and science pupils.Besides the skyscrapers that cluster in the city's central business district, one of the more prominent landmarks downtown is the Crystal Bridge. -- Source: Wikipedia.com